Demand nationwide for decking will rebound through 2018, rising 2.4% annually to reach 3.5 billion feet and be worth $6.5 billion, the Freedonia Group forecast today. That’s a rebound from the 2008-2013 period, when demand declined 0.9%, the Cleveland-based research group said.
Here is Freedonia’s breakdown of demand by decking product type, in millions of lineal feet.
2008 | 2013 | 2018 | 2008- 2013 | 2013-2018 | |
Total Decking Demand | 3,205 | 3,065 | 3,450 | -0.9% | 2.4% |
Wood | 2,698 | 2,638 | 2,790 | -0.4% | 1.1% |
Wood-Plastic Composite | 420 | 338 | 510 | -4.3% | 8.6% |
Plastic & Other | 87 | 89 | 150 | 0.5% | 11.0% |
The residential market, which accounts for 60% of total demand, will see growth of 2.7% per year, it said.The group’s forecasts are part of a 386-page report which it is selling for $5,500.
